Markets US markets were closed for Thanksgiving yesterday and second tier EMU eco data failed to impress. The result was a dull, low volume, trading session. Minutes of the previous ECB meeting confirmed the central Read more…
It’s boring when the US is not here. All the show, the drama, the buzz, the rumours stop – all of a sudden – and we are left to look back and think. So let’s Read more…
In focus today In the euro area, the inflation flash estimates are released for Germany, France, Italy, and Spain which together will reveal almost entirely how inflation in the euro area fared ahead of the Read more…
Daily Pivots: (S1) 206.52; (P) 206.86; (R1) 207.28; More… Intraday bias in GBP/JPY remains on the upside at this point. Current rally from 184.35 should target a retest on 208.09 high. Firm break there will Read more…
Daily Pivots: (S1) 180.85; (P) 181.14; (R1) 181.51; More… Consolidations continue below 181.98 and intraday bias stays neutral in EUR/JPY. Deeper retreat cannot be ruled out, but downside should be contained by 178.80 resistance turned Read more…
Daily Pivots: (S1) 0.8746; (P) 0.8758; (R1) 0.8770; More… Intraday bias in EUR/GBP remains on the downside and outlook is unchanged. Sustained trading below 55 D EMA (now at 0.8744) will be an early sign Read more…
Daily Pivots: (S1) 1.7725; (P) 1.7760; (R1) 1.7781; More… EUR/AUD’s break of 1.7739 supports suggests that rebound from 1.7561 has completed as a corrective move at 1.7976. Intraday bias is back on the downside for Read more…
Daily Pivots: (S1) 0.9318; (P) 0.9332; (R1) 0.9345; More…. Intraday bias in EUR/CHF stays neutral and more consolidations could be seen below 0.9349. Fall from 0.9660 could have completed at 0.9178, on bullish convergence condition Read more…
Daily Pivots: (S1) 1.4022; (P) 1.4037; (R1) 1.4045; More… USD/CAD is still bounded in consolidations below 1.4139 and intraday bias remains neutral. Further rally is expected with 1.3970 support intact. On the upside, decisive break Read more…
Daily Pivots: (S1) 0.6520; (P) 0.0.6530; (R1) 0.6544; More… Intraday bias in AUD/USD stays on the upside at for 0.6579 resistance. Decisive break there should confirm that whole fall from 0.6706 has completed as a Read more…